clip-clops echo on cobblestone squares as bear-skinned
soldiers stride by. Waterfront smells ride on a brisk ocean
breeze. A bronzed temptress sits on rocks overlooking a choppy,
windblown sea. What secrets are held in her mysterious eyes?
What a special place. This is one reason why I like international
banking in Copenhagen.
Denmark, Midsummer's Eve. Spotting trends before the pack
is one of the easiest ways to make substantial profits. This
thought was on my mind as Merri and I flew to Denmark where
I spoke at Jyske Bank's international banking and investing
We brought our daughters Francesca and Eleanor to a course
entitled International Banking Copenhagen, and while in Copenhagen
took in the wonderful sights of the city, visiting the cobblestone
square of Copenhagen 's Amalienborg Palace with its bear-skin
hatted soldiers guarding their Queen. We strolled up the
waterfront to the statue of the Little Mermaid that bronzed
temptress sitting on a rock in the sea. Over a week we went
everywhere and let the city unfold like a string of pleasantly
lustered pearls. Denmark is an enjoyable place to visit but
I also spotted trends in its history and recent stock market
conditions which suggest that Denmark is also a great place
for international banking and international investing.
You can see pictures of lovely
The Little Mermaid, Copenhagen's Bronze Temptress
Copenhagen International Banking Stability
Denmark is a good place for international investing because
it is stable. Denmark 's history and stability are deep.
For centuries Danish Vikings were fierce marauders and Denmark
's warmongering navy was among Europe 's strongest.
Copenhagen International Banking Currency
These warriors traveled afar and left their mark. Their
global wanderings have made them expert currency traders.
However, this recent visit to Denmark gave me clues suggesting
we should now invade the Danes, by using their international
Denmark is a member of the EU, but its currency, the kroner,
is not in the EMU. This makes the kroner an attractive currency,
linked to the Euro.
Copenhagen International Banking Fundamentals
good fundamental for international banking and international
Denmark's low unemployment rate compared to France, Germany's
Italy's and Spain's rates.
am also impressed with Denmark's low inflation and its
federal budget running a surplus of its Gross Domestic
Most Euro nations are still turning deficits.
is small (just over 5 million population-about half the
size of Maine), but I like that too. Small, stable
countries have an advantage as the economic success in Singapore
, Hong Kong and Switzerland can attest. And Denmark is about
as stable as you can get having one of the world's oldest
Parliaments that is so open anyone can visit at any time.
Yet there are no security checks at the Parliament entrance
which suggest the country has peace and low crime as well.
In fact it has been said the only problem of the Danish Police
is to act as if they have something to do!
Denmark has also invested heavily in electronic education
so its kids and young workers are computer literate and well
linked to the Internet open to the future of the modern world.
Add all these little benefits up and the list becomes impressive.
Copenhagen International Banking My Bank
One Danish bank I particularly like is Jyske Bank. I have
been working closely with this bank for many years and use
them more than any other banker in the world. The more I
see the more I like. Jyske is one of the country's leading
financial institutions and specializes in the borrow low-deposit
high technique. Most investment banks offer this service
in one way or another, but Jyske offers a very organized
approach to this investing strategy. Jyske's high degree
of specialization in the field of lending to invest is unusual
and I think this will continue to attract business.
You can gain details about Jyske Bank
Jyske Bank is the second largest independent bank in Denmark
Copenhagen international banking conferences. For details
contact marketing director Thomas Fischer at FISCHER@jyskebank.dk
Copenhagen International Banking Privacy
The private banking division of the bank offers every service
you can get from Swiss and other tax havens, but I believe
Jyske and Denmark have several advantages. First though bank
privacy in Denmark is not secret in the Swiss or Liechtenstein
way, Denmark 's confidentiality is enough for any non-European
investor. Yet Copenhagen is not thought of as a tax haven.
Having a Danish bank account won't raise the same suspicions
as Swiss, Cayman or Bahamian, etc. Trends in bank privacy
seem to be shifting adversely. Governments are cracking down
on privacy. Banking centers offering complete secrecy are
likely (along with their clients) to become increasingly
targeted, even though they do nothing wrong. Danish type
privacy will become a realistic alternative for honest investors
who want a little privacy but don't want to become suspect
of hiding wealth.
Copenhagen International Banking Fees
Jyske's banking services, though comprehensive and totally
global, are inexpensive. American investors can get more
investments and investment services in Copenhagen than at
many Swiss banks. For example, just before the trip to Copenhagen
I bought Eurobonds in Switzerland from Credit Suisse. The
cost was 3/4%. Had I made the trip to Copenhagen first, I
would have known that Jyske's fees are only 1/4%. I would
have saved a bundle on my bond purchase. Guess where I'll
buy my bonds next!